Total monthly cost of ownership
Cost to Own a Home in Fernandina Beach, Florida
A $484,000 home here costs
$3,897per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $167,000 a year.
A standard mortgage calculator would have told you $2,639. The real number is $1,258 higher every month, 48% more than the payment most buyers budget for.
Compare Nassau County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fernandina Beach against Nassau County and Florida
| Measure | Fernandina Beach | Nassau County |
|---|---|---|
| Median home value | $483,700 | $351,100 |
| Median property tax | $3,941 | $2,558 |
| Effective tax rate | 0.815% | 0.729% |
| Median gross rent | $1,581 | $1,335 |
| Population | 13,239 | 94,653 |
The weather behind that power bill
Fernandina Beach sits in Nassau County, which averages a high of 91.9°F in its hottest month and a low of 42.9°F in its coldest, with 53.4" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 2,803 cooling and 1,228 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Nassau County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nassau County
Talk to someone who works this market
These are Fernandina Beach averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Fernandina Beach every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Fernandina Beach?
A $484,000 home in Fernandina Beach, Florida costs approximately $3,897 per month with 20% down at 7.24%. That is $2,639 principal and interest, $329 property tax, $292 homeowners insurance, $233 utilities and $403 set aside for maintenance.
What is the property tax rate in Fernandina Beach?
Fernandina Beach has an effective property tax rate of 0.815%, based on a median home value of $483,700 and median real estate taxes of $3,941. That is higher than the Nassau County average of 0.729%.
What is the average home price in Fernandina Beach?
The median owner-occupied home value in Fernandina Beach, Florida is $483,700, against $351,100 across Nassau County.
Is it cheaper to rent or buy in Fernandina Beach?
Median gross rent in Fernandina Beach is $1,581 a month, against $3,897 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Fernandina Beach?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fernandina Beach, Florida at today's rate takes a household income of roughly $167,000 a year. That covers the full $3,897 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fernandina Beach, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.